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The gross margin ratio: Select one: A. Indicates the percent of sales revenue remaining after covering the cost of the goods sold. B. Is a
The gross margin ratio:
Select one:
A. Indicates the percent of sales revenue remaining after covering the cost of the goods sold.
B. Is a measure of liquidity and should exceed 2.0 to be acceptable.
C. Is also called the net profit ratio.
D. Is also called the profit margin.
E. Should be greater than 1 for merchandising companies.
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